LTC/BTC

LTC looks like is going to throw a new ace on the table! Consolidating above the 0.236 fib retracement has formed a new line support on the RSI which has been holding nicely! looks like is gonna go one leg up breaking the triangle. next major resistance is at the 0.382 fib retracement, but the RSI is playing on the new support really well which makes me think is gonna break also the 0.382 resistance to head to the major resistance at the fib 0.618 retracement which is the final profit zone for me. LTC should be quiet profitable. i am keeping my eyes on the support level at 0.015 BTC 5.20% because if LTC is breaking that support level we likely see a bad move down, but it's really unlikely unless we see a bad shift of the general market. #nofinancialadvice please do your own research.

Comment:

Ltc has started its rally, as i predicted. i set few take profit stops at 0.0178, 0.019, 0.021, 0.022 . everything looks good as long the rsi support stay valid. LTC has jumped exactly from the RSI support i drew.